|
| When you hear the phrase "free market," you probably think
| of "a market that is free from regulation" but that's the
| opposite of the phrase's original meaning!
|
| Adam Smith used the term to describe a market that was free
| from "economic rents" - money earned by owning things,
| rather than doing things. Smith recognized that markets
| attract parasites - "rentiers" - who seek to drain wealth
| by "investing" rather than building and doing.
|
| Which meant that, in the absence of muscular state
| intervention, markets would become less and less free -
| more and more dependent on the whims of rentiers who used
| money to breed money by creating toll-barriers between
| parts of the productive economy.
|
| For Smith, markets were only free if they were regulated.
| But that's the opposite of the way that we talk about free
| markets today. Today, a free market is a market where you
| are free to collect rents - passive income from owning
| things, at the expense of people doing things.
| ...
<https://twitter.com/doctorow/status/1356668209043103748>

--bks

On 10/24/2021 7:51 AM, Bradley K. Sherman wrote:
> |
> | When you hear the phrase "free market," you probably think
> | of "a market that is free from regulation" but that's the
> | opposite of the phrase's original meaning!
> |
> | Adam Smith used the term to describe a market that was free
> | from "economic rents" - money earned by owning things,
> | rather than doing things. Smith recognized that markets
> | attract parasites - "rentiers" - who seek to drain wealth
> | by "investing" rather than building and doing.

No need to read past that illiterate lie.

This fool doesn't understand a thing that Adam Smith wrote.

On 10/24/21 11:25 AM, Rudy Canoza wrote:
> On 10/24/2021 7:51 AM, Bradley K. Sherman wrote:
>>   |
>>   | When you hear the phrase "free market," you probably think
>>   | of "a market that is free from regulation" but that's the
>>   | opposite of the phrase's original meaning!
>>   |
>>   | Adam Smith used the term to describe a market that was free
>>   | from "economic rents" - money earned by owning things,
>>   | rather than doing things. Smith recognized that markets
>>   | attract parasites - "rentiers" - who seek to drain wealth
>>   | by "investing" rather than building and doing.
>
> No need to read past that illiterate lie.
>
> This fool doesn't understand a thing that Adam Smith wrote.

The 'renters' typically FINANCE the do-ers. As such
they serve a vital function. Business does much better
with investors than without.

There is a sub-group that just seem to make money by
shuffling money around and around, hedge-funds and
such. Their contribution to the do-ers is a little
more indirect.

Rudy Canoza <js@phendrie.con> wrote:
>On 10/24/2021 7:51 AM, Bradley K. Sherman wrote:
>> |
>> | When you hear the phrase "free market," you probably think
>> | of "a market that is free from regulation" but that's the
>> | opposite of the phrase's original meaning!
>> |
>> | Adam Smith used the term to describe a market that was free
>> | from "economic rents" - money earned by owning things,
>> | rather than doing things. Smith recognized that markets
>> | attract parasites - "rentiers" - who seek to drain wealth
>> | by "investing" rather than building and doing.
>
>No need to read past that illiterate lie.
>
>This fool doesn't understand a thing that Adam Smith wrote.

By "this fool" Rudy must mean himself!

| People of the same trade seldom meet together, even for
| merriment and diversion, but the conversation ends in a
| conspiracy against the public, or in some contrivance to
| raise prices. -- Adam Smith

--bks

On 10/24/2021 8:50 AM, Bradley K. Sherman wrote:
> Rudy Canoza <js@phendrie.con> wrote:
>> On 10/24/2021 7:51 AM, Bradley K. Sherman wrote:
>>> |
>>> | When you hear the phrase "free market," you probably think
>>> | of "a market that is free from regulation" but that's the
>>> | opposite of the phrase's original meaning!
>>> |
>>> | Adam Smith used the term to describe a market that was free
>>> | from "economic rents" - money earned by owning things,
>>> | rather than doing things. Smith recognized that markets
>>> | attract parasites - "rentiers" - who seek to drain wealth
>>> | by "investing" rather than building and doing.
>>
>> No need to read past that illiterate lie.
>>
>> This fool doesn't understand a thing that Adam Smith wrote.
>
> By "this fool" Rudy must mean himself!
>
> | People of the same trade seldom meet together, even for
> | merriment and diversion, but the conversation ends in a
> | conspiracy against the public, or in some contrivance to
> | raise prices. -- Adam Smith

Nothing to do with your lies about economic rent. Rent is not what you claimed
it to be.

You don't know a fucking thing about economics.

Rudy Canoza <js@phendrie.con> wrote:
>> Rudy Canoza <js@phendrie.con> wrote:
>>> On 10/24/2021 7:51 AM, Bradley K. Sherman wrote:
>>>> |
>>>> | When you hear the phrase "free market," you probably think
>>>> | of "a market that is free from regulation" but that's the
>>>> | opposite of the phrase's original meaning!
>>>> |
>>>> | Adam Smith used the term to describe a market that was free
>>>> | from "economic rents" - money earned by owning things,
>>>> | rather than doing things. Smith recognized that markets
>>>> | attract parasites - "rentiers" - who seek to drain wealth
>>>> | by "investing" rather than building and doing.
>>>
>>> No need to read past that illiterate lie.
>>>
>>> This fool doesn't understand a thing that Adam Smith wrote.
>>
>> By "this fool" Rudy must mean himself!
>>
>> | People of the same trade seldom meet together, even for
>> | merriment and diversion, but the conversation ends in a
>> | conspiracy against the public, or in some contrivance to
>> | raise prices. -- Adam Smith
>
> Nothing to do with your lies about economic rent.
> Rent is not what you claimed

Doctorow is 100% right about Adam Smith. You have no
idea what you're talking about. The term "rent seeking"
comes directly from Adam Smith:
<https://www.investopedia.com/terms/r/rentseeking.asp>
(Read it and be enlightened, Rudy.)

--bks

On 10/24/2021 9:01 AM, Bradley K. Sherman wrote:
> Rudy Canoza <js@phendrie.con> wrote:
>>> Rudy Canoza <js@phendrie.con> wrote:
>>>> On 10/24/2021 7:51 AM, Bradley K. Sherman wrote:
>>>>> |
>>>>> | When you hear the phrase "free market," you probably think
>>>>> | of "a market that is free from regulation" but that's the
>>>>> | opposite of the phrase's original meaning!
>>>>> |
>>>>> | Adam Smith used the term to describe a market that was free
>>>>> | from "economic rents" - money earned by owning things,
>>>>> | rather than doing things. Smith recognized that markets
>>>>> | attract parasites - "rentiers" - who seek to drain wealth
>>>>> | by "investing" rather than building and doing.
>>>>
>>>> No need to read past that illiterate lie.
>>>>
>>>> This fool doesn't understand a thing that Adam Smith wrote.
>>>
>>> By "this fool" Rudy must mean himself!
>>>
>>> | People of the same trade seldom meet together, even for
>>> | merriment and diversion, but the conversation ends in a
>>> | conspiracy against the public, or in some contrivance to
>>> | raise prices. -- Adam Smith
>>
>> Nothing to do with your lies about economic rent.
>> Rent is not what you claimed
>
> Doctorow is 100% right about Adam Smith.

No, he is wrong about Smith's view of economic rent, because Doctorow doesn't
know what it is.

On 10/24/2021 9:01 AM, Bradley K. Sherman wrote:
> Rudy Canoza <js@phendrie.con> wrote:
>>> Rudy Canoza <js@phendrie.con> wrote:
>>>> On 10/24/2021 7:51 AM, Bradley K. Sherman wrote:
>>>>> |
>>>>> | When you hear the phrase "free market," you probably think
>>>>> | of "a market that is free from regulation" but that's the
>>>>> | opposite of the phrase's original meaning!
>>>>> |
>>>>> | Adam Smith used the term to describe a market that was free
>>>>> | from "economic rents" - money earned by owning things,
>>>>> | rather than doing things. Smith recognized that markets
>>>>> | attract parasites - "rentiers" - who seek to drain wealth
>>>>> | by "investing" rather than building and doing.
>>>>
>>>> No need to read past that illiterate lie.
>>>>
>>>> This fool doesn't understand a thing that Adam Smith wrote.
>>>
>>> By "this fool" Rudy must mean himself!
>>>
>>> | People of the same trade seldom meet together, even for
>>> | merriment and diversion, but the conversation ends in a
>>> | conspiracy against the public, or in some contrivance to
>>> | raise prices. -- Adam Smith
>>
>> Nothing to do with your lies about economic rent.
>> Rent is not what you claimed
>
> Doctorow is 100% right about Adam Smith.

He's 100% wrong about Smith, about rent, and about Smith's view of free markets.

In article <ksSdnVQVb-tYHej8nZ2dnUU7-d3NnZ2d@earthlink.com>,
1p166 <z24ba6.net> wrote:

> The 'renters' typically FINANCE the do-ers. As such
> they serve a vital function. Business does much better
> with investors than without.

Why can't investors include governments?

--
:-<> Siri Seal of Disavowal #000-001. Disavowed. Denied. Deleted. @
'I desire mercy, not sacrifice.' /|\
Discordia: not just a religion but also a parody. This post / \
I am an Andrea Doria sockpuppet. insults Islam. Mohammed

On 10/24/2021 9:26 AM, Siri Cruise wrote:
> In article <ksSdnVQVb-tYHej8nZ2dnUU7-d3NnZ2d@earthlink.com>,
> 1p166 <z24ba6.net> wrote:
>
>> The 'renters' typically FINANCE the do-ers. As such
>> they serve a vital function. Business does much better
>> with investors than without.
>
> Why can't investors include governments?
>

Because, you stupid drooling illiterate fuck, governments aren't "investing" to
put assets to their most productive use. Governments "invest" to manipulate
markets, and to shower goodies like "free" child care on undeserving louts.
It's not "investment," it's simply expenditure of other people's money.

Your illiteracy:

"abandonned", "abandonning"
"anchorred"
"answerred", "answerring"
"biasses"
"bigotted"
"blitherring"
"bolsterred"
"botherred"
"burdenned"
"civillian"
"conquerred"
"considerred", "reconsiderred"
"coverred"
"cowerring"
"deliverred"
"developping", "developped"
"dialling"
"discoverred"
"edittor", "edittorial"
"endangerring"
"functionning"
"gatherrers"
"happenned", "happenning"
"hardenned"
"imprisonned"
"limitted"
"listenned"
"malingerrer" — new, June 09, 2021!
"marketting"
"mentionned", "mentionning"
"modelled"
"monitorred"
"murderred", "murderrer", "murderrers"
"musterred"
"Neighbourring"
"offerred"
"openned"
"orderred"
"pardonned"
"pesterred"
"ponderring"
"prisonner"
"prohibitted"
"purgery"
"questionned", "questionning"
"reconsiderred"
"registerred", "registerring", "unregisterred"
"rememberred"
"riotting", "riotters"
"sequesterred"
"shelterring"
"solicitted"
"sponsorred"
"statistickal"
"subpeana", "subpeona"
"sufferring"
"tamperred", "tamperring"
"targetted", "targetting"
"threatenned", "threatenning"
"towerring"
"unlimitted"
"uppitty"
"waggon"
"wonderred", "wonderring"

You ignorant illiterate cunt. In *no* variety of English anywhere in the world
are those wrong doublings of consonants considered acceptable. They aren't
acceptable — they're fucking wrong, and you're an illiterate cunt faggot.

On 10/24/21 12:53 PM, 678.714.5764 wrote:
> On 10/24/2021 9:26 AM, Siri Cruise wrote:
>> In article <ksSdnVQVb-tYHej8nZ2dnUU7-d3NnZ2d@earthlink.com>,
>>   1p166 <z24ba6.net> wrote:
>>
>>>     The 'renters' typically FINANCE the do-ers. As such
>>>     they serve a vital function. Business does much better
>>>     with investors than without.
>>
>> Why can't investors include governments?
>>
>
> Because, you stupid drooling illiterate fuck, governments aren't
> "investing" to put assets to their most productive use.  Governments
> "invest" to manipulate markets, and to shower goodies like "free" child
> care on undeserving louts. It's not "investment," it's simply
> expenditure of other people's money.

You nailed it. Govt "investment" is just POLITICS, not
actual "business". The aims are quite different. The
former throws cash down the toilet, the latter makes
stuff and money which makes more stuff and more money.

In article <iqOdnRRODc-_Yuj8nZ2dnUU7-b3NnZ2d@earthlink.com>,
1p166 <z24ba6.net> wrote:

> You nailed it. Govt "investment" is just POLITICS, not
> actual "business". The aims are quite different. The

You again strive to show how ill-informed you are.

--
:-<> Siri Seal of Disavowal #000-001. Disavowed. Denied. Deleted. @
'I desire mercy, not sacrifice.' /|\
Discordia: not just a religion but also a parody. This post / \
I am an Andrea Doria sockpuppet. insults Islam. Mohammed

On 24 Oct 2021, 1p166 <z24ba6.net> posted some news:iqOdnRRODc-
_Yuj8nZ2dnUU7-b3NnZ2d@earthlink.com:

> On 10/24/21 12:53 PM, 678.714.5764 wrote:
>> On 10/24/2021 9:26 AM, Siri Cruise wrote:
>>> In article <ksSdnVQVb-tYHej8nZ2dnUU7-d3NnZ2d@earthlink.com>,
>>>   1p166 <z24ba6.net> wrote:
>>>
>>>>     The 'renters' typically FINANCE the do-ers. As such
>>>>     they serve a vital function. Business does much better
>>>>     with investors than without.
>>>
>>> Why can't investors include governments?
>>>
>>
>> Because, you stupid drooling illiterate fuck, governments aren't
>> "investing" to put assets to their most productive use.  Governments
>> "invest" to manipulate markets, and to shower goodies like "free" child
>> care on undeserving louts. It's not "investment," it's simply
>> expenditure of other people's money.
>
>
> You nailed it. Govt "investment" is just POLITICS, not
> actual "business". The aims are quite different. The
> former throws cash down the toilet, the latter makes
> stuff and money which makes more stuff and more money.

Government is a parasite for lazy slugs using your money.

In article <XnsADCDD42928191731@0.0.0.0>,
raines <raines@mindspring.com> wrote:

> Government is a parasite for lazy slugs using your money.

So how do you feel about your meatless diet?

--
:-<> Siri Seal of Disavowal #000-001. Disavowed. Denied. Deleted. @
'I desire mercy, not sacrifice.' /|\
Discordia: not just a religion but also a parody. This post / \
I am an Andrea Doria sockpuppet. insults Islam. Mohammed

On 24 Oct 2021, Siri Cruise <chine.bleu@yahoo.com> posted some
news:chine.bleu-9DE055.21065024102021@reader.eternal-september.org:

> In article <XnsADCDD42928191731@0.0.0.0>,
> raines <raines@mindspring.com> wrote:
>
>> Government is a parasite for lazy slugs using your money.
>
> So how do you feel about your meatless diet?

I work for a living, porkchop. I can have anything I want any time I
want.

I also run over vegans with my electric bike for fun thanks to Mike Bonin,
carpetbagging scum from Massachusetts.

In article <XnsADCDD94F43044731@0.0.0.0>,
raines <raines@mindspring.com> wrote:

> On 24 Oct 2021, Siri Cruise <chine.bleu@yahoo.com> posted some
> news:chine.bleu-9DE055.21065024102021@reader.eternal-september.org:
>
> > In article <XnsADCDD42928191731@0.0.0.0>,
> > raines <raines@mindspring.com> wrote:
> >
> >> Government is a parasite for lazy slugs using your money.
> >
> > So how do you feel about your meatless diet?
>
> I work for a living, porkchop. I can have anything I want any time I
> want.

You can't get meat without USDA inspections. But the USDA 'is a
parasite for lazy slugs using your money.' Unless you're
hypocrite that means you eschew USDA, its inspections, and meat
in the market.

--
:-<> Siri Seal of Disavowal #000-001. Disavowed. Denied. Deleted. @
'I desire mercy, not sacrifice.' /|\
Discordia: not just a religion but also a parody. This post / \
I am an Andrea Doria sockpuppet. insults Islam. Mohammed

On 24 Oct 2021 14:51:38 -0000, bks@panix.com (Bradley K. Sherman)
wrote:

> |
> | When you hear the phrase "free market," you probably think
> | of "a market that is free from regulation" but that's the
> | opposite of the phrase's original meaning!
> |
> | Adam Smith used the term to describe a market that was free
> | from "economic rents" - money earned by owning things,
> | rather than doing things. Smith recognized that markets
> | attract parasites - "rentiers" - who seek to drain wealth
> | by "investing" rather than building and doing.
> |
> | Which meant that, in the absence of muscular state
> | intervention, markets would become less and less free -
> | more and more dependent on the whims of rentiers who used
> | money to breed money by creating toll-barriers between
> | parts of the productive economy.
> |
> | For Smith, markets were only free if they were regulated.
> | But that's the opposite of the way that we talk about free
> | markets today. Today, a free market is a market where you
> | are free to collect rents - passive income from owning
> | things, at the expense of people doing things.
> | ...
><https://twitter.com/doctorow/status/1356668209043103748>
>
> --bks

More nonsense from the backwards reality Bradley lives in.